First Bancorp (FBNC) financial statements (2021 and earlier)

Company profile

Business Address 341 NORTH MAIN ST
TROY, NC 27371-0508
State of Incorp. NC
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments231317339447463511560
Cash and cash equivalents231317339447463511560
Total current assets:231317339447463511560
Noncurrent Assets
Operating lease, right-of-use asset20211919
Property, plant and equipment115137137138119117114
Intangible assets, net (including goodwill)252253254254255255256
Goodwill234234234234234232232
Intangible assets, net (excluding goodwill)17181920212223
Total noncurrent assets:386410410411374371369
Other undisclosed assets5,5265,3415,2635,1925,0274,8304,788
TOTAL ASSETS:6,1446,0696,0126,0505,8645,7125,718
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt198      
Total current liabilities:198      
Noncurrent Liabilities
Other undisclosed liabilities5,0935,2345,1975,2625,1004,9694,993
Total liabilities:5,2915,2345,1975,2625,1004,9694,993
Stockholders' equity
Stockholders' equity attributable to parent852835815788764743725
Common stock430429433435434434434
Accumulated other comprehensive income (loss)542(7)(12)(12)(11)
Retained earnings418402381360342321302
Total stockholders' equity:852835815788764743725
TOTAL LIABILITIES AND EQUITY:6,1446,0696,0126,0505,8645,7125,718

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues53696967436159
Loss on disposition of assets for financial service operations    (9)  
Net investment income59646463575857
Cost of revenue(2)  (1) (0) 
Provision for loan, lease, and other losses   (1) (0) 
Gross profit:51696967436159
Operating expenses(28)(28)(28)(28)(26)(27)(27)
Other operating expense, net
(Noninterest Income, Other Operating Income)
    (1)  
Operating income:23414139173331
Nonoperating income (expense)10(0)0112
Investment income, nonoperating0(0)(0)0(0)(0)1
Gains (losses) on sales of other real estate(0)(0)(0)(0)0  
Bank owned life insurance income1111111
Interest and debt expense(8)(9)(9)(8)(7)(6)(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes11(1)(2)(3)2012
Income from continuing operations before income taxes:26323028302829
Income tax expense(5)(7)(6)(6)(6)(6)(6)
Net income attributable to parent:21252422242223
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)    
Net income available to common stockholders, basic:21252422242223
Other undisclosed net income available to common stockholders, diluted000    
Net income available to common stockholders, diluted:21252422242223

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:21252422242223
Other comprehensive income (loss)10058(0)0
Comprehensive income:22252427322223
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 29 (8)(1)(2)
Comprehensive income, net of tax, attributable to parent:22273327242121

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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